While some corners of the market have surged this year and become rather expensive in the process, other stocks have been left behind. Pinpointing these investments is crucial, as it allows you to avoid getting caught up in hype cycles that can result in significant losses in a portfolio.

Two cheap stocks that could rebound if the broad market continues to gain steam are Etsy (NASDAQ: ETSY) and MercadoLibre (NASDAQ: MELI). Read on to find out why these two stocks are attractive buys.

Etsy is the primary marketplace to go to if you're looking for custom and handmade goods. The products on its website support millions of individual sellers around the world, and many of these items would only be typically found locally in mom-and-pop shops.

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Source Fool.com